Real GDP increased 2.4 percent after increasing 4.1 percent in the third quarter. Inventory investment slowed, federal government spending decreased more than in the third quarter, and residential investment and state and local government spending turned down.
A look at R&D expenditures under the System of National Accounts 2008 and under generally accepted accounting principles. In the former, R&D expenditures are treated as investment, while in the latter, they are immediately expensed.
A look at the upcoming restructuring of these accounts, the most significant change since 1976. These changes are the result of a multiyear process to modernize the accounts and to bring them in closer alignment with international standards.